Source: Politico
“Germany holds the world’s second-largest gold reserves, and keeps 37 percent of them — some 1,236 metric tons, worth €113 billion — in the vaults of the New York Federal Reserve. Those holdings of precious metal guarantee that, should the need ever arise, the Bundesbank has access to something it can change into U.S. dollars (or any other hard currency). The very idea that they might not be safe would have been considered ridiculous from 1945 … until a couple of weeks ago. … German tabloid Bild, owned by POLITICO parent company Axel Springer, reported on Thursday that outgoing Christian Democratic Union (CDU) lawmaker Marco Wanderwitz is one of those concerned. Already in 2012, Wanderwitz had unsuccessfully requested to inspect the gold holdings as part of an effort to pressure the bank to either take a more active role as a custodian, or to repatriate it to Germany. ‘Of course, the question now arises again,’ Wanderwitz said in comments reported by Bild.” (03/31/25)
https://www.politico.eu/article/gold-germany-conservatives-sound-alarm-over-reserves-usa/